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Stocks to Watch: Analog Devices, Bausch & Lomb, Kohl's, Wal-Mart, Yahoo!


Standing on the corner, watching all the stocks go by.


Stocks to watch for Friday, May 12:

  • Analog Devices (ADI) reported 2Q net income $0.39/share. Analysts polled by Thomson First Call had expected per-share income of $0.40. Quarterly revenue was $643.9 million. Analysts were looking for a result of $644 million.
  • Bausch & Lomb (BOL) notified the Securities and Exchange Commission that it plans to delay its quarterly filing for the period ended April 1. Bausch & Lomb said it sees reducing revenue and income for historical period following several reviews.
  • Best Buy (BBY) said Friday it's agreed to buy a majority interest in Jiangsu Five Star Appliance Co., China's fourth-largest appliance and consumer electronics retailer.
  • Delta Air Lines (DALRQ: News, Quote) first-quarter net loss widened to $2.07 billion from $1.07 billion during the same period in the prior year, company officials said.
  • Expedia (EXPE) reported 1Q EPS $0.06/share on revenues of $493.9 million. Analysts polled by Thomson First Call had forecast $544 million.
  • General Motors (GM) may start its own car production line close to St. Petersburg, Russia.
  • Holly (HOC) approved 2-for-1 stock split, payable in the form of a stock dividend on June 1 to shareholders of record as of May 22. Increased its quarterly cash dividend 60% on a post-split basis to 8 cents from 5 cents a share, or 10 cents before the stock split. The dividend is payable July 3 to shareholders as of June 22.
  • Kohl's (KSS) said 1Q earnings climbed by a third and raised its full-year earnings forecast, benefiting from a surge in same store sales in April.
  • Manugistics Group (MANU) said it improved to a profit in its F4Q on lower expenses. EPS $0.04/share on revenues of $46 million. Wall Street analysts, on average, expected $0.03/share on revenue of $43.3 million, according to a Thomson First Call survey.
  • Mirant (MIR) company to lead group buying out US partner in Mirant Global Philippines/; Global Business to buy 50% stake in power co from MIR Philippines.
  • Mittal Steel (MT) reported 1Q net income $743m/ FC $680m on revenues of $8.4bln/ FC $7.74bln, shipments 15.6m tons; sees 2Q operating income up significantly sequentially, shipments up significantly, cost of sales flat sequentially; market recovery to continue into 2Q/3Q; too early to talk about 4Q price hikes; determined to pursue Arcelor bid.
  • Nvidia (NVDA) reported 1Q net income $0.23/share on sales of $681.8 million.
  • Pacific Sunwear of California (PSUN) EPS $0.16/share on sales of $299.9 million, up 7.1%, but same-store sales fell 1.8%. The average estimate of analysts polled by Thomson First Call had been for the company to earn 16 cents a share on revenue of $301 million. For the current quarter, and "assuming a low- to mid-single-digit" same-store sales increase, Pacific Sunwear said it should earn $0.26-$0.28 cents a share versus the current Wall Street view of $0.28.
  • TD Ameritrade Holding (AMTD) reported that it handled an average of 278,000 trades a day in April. In February, the last time the online broker reported comparable data, customers traded on average 276,000 times a day.
  • WalMart (WMT) announced plans to increase push into organic food sales; company to sell food priced 10% more than non -organic equivalents vs. 20-30% premium at other stores - NYT.
  • Yahoo (YHOO) CEO Terry Semel said company turned down offer from MSFT to buy stake in YHOO search business and that discussions about MSFT acquiring YHOO had not taken place - Financial Times.


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